Form 4: Sonoco Products Co. Executive Acquires Dividend Equivalents on Restricted Stock Units
SEC Form 4 Filing
Jeffrey S. Tomaszewski, a Sonoco Products Co. executive, acquired dividend equivalents on restricted stock units on June 10, 2024.
Summary
- On June 10, 2024, Jeffrey S. Tomaszewski, Pres., Diversified Business at Sonoco Products Co., acquired 65.7 dividend equivalents on restricted stock units.
- These dividend equivalents are economically equivalent to shares of Sonoco Products Company common stock.
- The price of the derivative security was $59.16.
- Following the transaction, Tomaszewski directly owns 944.33 dividend equivalents on restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard executive compensation transaction.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of the transaction: Jeffrey S. Tomaszewski acquired dividend equivalents on restricted stock units. |
| 06/12/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.